208 East Dewey Ave, Sapulpa, OK 74066
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $395 - 555 per Month† | 1 - 2 Beds | 1 Bath | 547 - 728 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
The Wells Building, originally the Clayton Building was built in 1918 in the heart of downtown Sapulpa. It contained a furniture store on the first level with the upper four floors housing professional offices. After 90 years and several modifications, the Wells Building has been restored to its early 1900 character. It now houses 32 apartments on the upper four floors with spacious support and community areas for the residents on the first floor.
Because Wells Building participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 BR (1/1) | 547ft2 | $395 $430† |
| 2 BR (2/1) | 728ft2 | $460 $555† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,850 / year | $34,100 / year | $38,350 / year | $42,600 / year |
| 50% AMI for PBRA Units | $29,850 / year | $34,100 / year | $38,350 / year | $42,600 / year |
| 60% AMI for LIHTC Units | $35,820 / year | $40,920 / year | $46,020 / year | $51,120 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Wells Building have a waiting list?
Wells Building probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Wells Building?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
In addition to Wells Building, how many other affordable housing properties (and units) are there in Sapulpa?
In addition to Wells Building, we list 12 other affordable properties in Sapulpa. Learn about these properties here. Our data research shows that there are a total of 341 affordable units in Sapulpa.
14 E Dewey Ave, Sapulpa, Oklahoma 74066
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